Its My Home : 2016
11 GRANTS & STAMP DUTY ACT FHOG SUMMARY A grant of $10,000 is available on purchases of new or substantially renovated homes but not on established properties. Substantially renovated homes must not have been previously occupied or sold as a place of residence. The total value of home and land must not exceed $750,000. Applicants must occupy the home for at least 12 months. ACT FHOG DETAILS ACT Revenue Office revenue.act.gov.au/home- buyer-assistance ACT STAMP DUTY RATES & CALCULATORS ACT Revenue Office revenue.act.gov.au/duties- and-taxes/calculators $10,000 Vic VIC FHOG SUMMARY First homebuyers buying or building a new property valued at up to $750,000 are eligible for a FHOG of up to $10,000. Buyers must live at the property for at least 12 months. VIC FHOG DETAILS State Revenue Office Vic sro.vic.gov.au VIC STAMP DUTY RATES & CALCULATORS State Revenue Office Vic sro.vic.gov.au/calculators/ land-transfer-calculator $10,000 SA FHOG SUMMARY Grants of $15,000 are available for the purchase or construction of new or substantially renovated homes. The market value of the property must not exceed $575,000. If you are purchasing an off-the- plan apartment you may also be eligible for a partial concession on stamp duty until June 2016. SA FHOG DETAILS Department of Treasury and Finance SA revenuesa.sa.gov.au/ grants-and-concessions SA STAMP DUTY RATES & CALCULATORS Department of Treasury and Finance SA revenuesa.sa.gov.au/taxes- and-duties/stamp-duties/ calculators $15,000 SA TAS FHOG SUMMARY Grants of $10,000 are available for first homebuyers buying or building a new property valued at up to $750,000. Buyers must live at the property for at least six months commencing within 12 months of the date of purchase or completion of the building. TAS FHOG DETAILS Department of Treasury and Finance Tas sro.tas.gov.au TAS STAMP DUTY RATES & CALCULATORS Department of Treasury and Finance Tas sro.tas.gov.au $10,000 ACT Tas Pictures:Shutterstock. Other useful websites: firsthome.gov.au, moneysmart.gov.au/life-events-and-you/life-events/buying-a -home FHOG summary current as at December 2015.